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The market analysis and report include a comprehensive outlook on the Gel Socks Market, offering forecasts for the industry segmented by Application, which comprises non-medical and medical. Additionally, it categorizes Distribution Channel into offline and online, and covers Regions, including Europe, APAC, North America, South America, and Middle East and Africa. The market report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments. The report covers market trends and analysis and also includes an in-depth analysis of the increasing demand for spa activities, the emergence of gel socks equipped with essential mineral oils, and harmful raw materials.
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Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the Gel Socks Market. One of the major companies in the market growth analysis include:
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Bath Accessories Co., Dr. Fredericks Original, Earth Therapeutics, EMILYSTORES XIAMEN ZHAOTAI INDURSTIAL CORP., LINDO PRODUCTS, Miss Spa, Pedder Johnson, Pinkiou Inc., PolyGel LLC, Shenzhen Phenitech Technology Co. Ltd, Silipos Holding LLC, Upper Canada Soap, XIAMEN ZHAOTAI INDUSTRIAL CORP, and ZenToes
Qualitative and quantitative market growth analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified. Furthermore, market growth and forecasting it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Our market research and growth reports cover the data with 2023 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing demand for spa activities is the key factor driving market growth. The growing disposable income, mounting stress levels, and rapidly changing consumer preferences have expanded the scope of the spa market. Moreover, a rise in the number of spa centers offering premium customized services has grabbed the considerable attention of customers. This, in turn, has positively enhanced the market for gel socks, which are used for in-home spa activities.
Furthermore, the rise in expenditure on wellness, promoted by an increase in wellness tourism, has perpetuated the trend of spas. Hence, the growing consciousness of people to spend lavishly on premium products, coupled with the increasing number of spa operators, positively showcases the trend of growing awareness of consumers to spend lavishly on skin care products. Thus, such factors are anticipated to result in the positive growth of the global gel socks market during the forecast period.
The emergence of gel socks equipped with essential mineral oils is one of the market trends shaping market growth. The medicinal properties of essential oils have garnered attention, particularly from millennials, fueling both market growth and trends. These oils, renowned for their antidepressant, stimulating, detoxifying, antibacterial, antiviral, and calming attributes, have found a significant place as active ingredients in gel socks. Market players are actively contributing to market growth and trends by introducing novel oil combinations, like hypoallergenic gel moisturizing socks featuring a blend of jojoba oil and vitamin E.
Moreover, brands like Bath Accessories align with market trends, offering Gal Pal gel socks infused with lavender and jojoba oils for skin hydration, available in various colors. The socks are available in different colors, including blue dots, lavender stripes, pink hearts, and purple stripes. Thus, the inclusion of essential mineral oils in gel socks will have a positive impact on the growth of the global gel socks market during the forecast period.
Harmful raw materials is a challenge that affects market growth. The main raw materials used to manufacture gel socks are cotton, silica gel, Spandex, and essential mineral oils. The formulated gel lining is rich in therapeutic oils, such as vitamin E, jojoba, lavender, grape seed, and olive oils. Moreover, exposure to silica gel can be harmful to human beings. Some forms of silica gel seem to be very dangerous and contain chemicals such as cobalt chloride. This chemical is usually added to silica gel to make it more hydrated. In some cases, extended exposure to the skin might result in irritation and redness of the skin.
Furthermore, spandex is another raw material used to make gel socks more elastic. Spandex makes the socks stick to the legs and does not allow the skin to breathe. It can further cause dermatitis because of its inability to absorb sweat, making the skin favorable for the growth of pathogens. It is sensitive to heat, rendering it difficult for the user to wear it for a long duration. Thus, such factors will hinder the growth of the global gel socks market during the forecast period.
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The non-medical segment will account for a major share of the market's growth during the forecast period.?In addition to medical use, gel socks are used to cure rough, dry, and cracked feet and moisturize the skin. Self-care is an emerging trend that has influenced the rise in the demand for such products. The growing number of millennials, who are more lifestyle-focused, has placed attention on health and wellness. In the US, approximately more than 30.0% of labor force participants are millennials. Additionally, market players have adopted efficient marketing strategies and introduced features to build a strong brand image. ZenToes has introduced special gel socks for dry heels, which help hydrate dry heels, and their toeless design allows the skin to breathe.
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The non-medical segment was valued at USD 114.46 million in 2018. Furthermore, the integration of gel technology into stylish and trendy sock designs attracts consumers who prioritize both fashion and functionality. This intersection of comfort and style contributes to the adoption of gel socks as a non-medical accessory. Moreover, the non-medical application segment's growth in the global gel socks market is driven by factors such as comfort-seeking consumers, increased usage in sports and fashion, and the overall trend toward wellness and self-care. Thus, such trends are expected to continue and will foster the growth of the global gel socks market through the non-medical segment during the forecast period.
The Gel Socks Market is segmented into two categories: offline and online.
Europe is estimated to contribute 35% during the forecast period.
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Technavio’s market research report analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Germany is expected to be the leading market for gel socks in Europe. The higher spending of the Germans on quality cosmetic and foot care products, coupled with an increase in internet retailing, has widened the market. Furthermore, the increasing demand for natural products and rising awareness about essential organic products have been driving the demand for gel socks, which are enriched with essential minerals.
In addition, the growing health awareness of youth owing to the greater reliance on social media, rising incidence of foot infections due to lack of proper hygiene, and growing prevalence of diabetes have led to the demand for gel socks. Furthermore, the growing demand for in-home spa activities has further enhanced their market share. This further triggered the demand for gel socks in Europe. Thus, these factors will foster regional market growth during the forecast period.
Gel Socks Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2023 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.36% |
Market Growth 2024-2028 |
USD 55.09 million |
Market structure |
Fragmented |
YoY growth (%) |
5.22 |
Regional analysis |
Europe, APAC, North America, South America, and Middle East and Africa |
Performing market contribution |
Europe at 35% |
Key consumer countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Armstrong Amerika, Bath Accessories Co., Dr. Fredericks Original, Earth Therapeutics, EMILYSTORES XIAMEN ZHAOTAI INDURSTIAL CORP., LINDO PRODUCTS, Miss Spa, Pedder Johnson, Pinkiou Inc., PolyGel LLC, Shenzhen Phenitech Technology Co. Ltd, Silipos Holding LLC, Upper Canada Soap, XIAMEN ZHAOTAI INDUSTRIAL CORP, and ZenToes |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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